Latvian food wholesaler Baltstor sees profit grow 2.5 times in 2021

• Published date: 02 August 2022
• Publication title: LETA

RIGA, Aug 2 (LETA) - Latvian food wholesaler Baltstor, which manages the brands of Mego and Vesko groceries, closed 2021 with EUR 46.537 million in turnover, which is an increase of 0.5 percent against a year before, and a profit of EUR 267,272, which is 2.5 times larger than in 2020, according to Firmas.lv business information website.

The company's management reported that last year Baltstor slightly reduced the number of business partners and that at the end of the year the company united 95 retailers operating a total of 416 stores.

ccording to the management report, while segment of supermarkets has been growing, like in...